Venari Resources

Venari Resources LLC was a privately held offshore exploration and production company founded in 2012 by Brian Reinsborough. It was focused on the oil-prone subsalt region in the Gulf of Mexico’s deep waters. In May 2012, global private equity investment firms Warburg Pincus,[1] Kelso & Company, Temasek Holdings and The Jordan Company provided an initial $1.125 billion capital commitment to pursue its exploration program and development projects in the Gulf of Mexico. [2]

Venari Resources LLC
TypeLLC
IndustryOil and gas
FoundedMay 2012
Defunct2020
HeadquartersDallas & Houston, Texas, U.S.
Key people
Brian Reinsborough
(CEO & President)
Rich Smith
(Executive Vice President, Exploration)
Bruce Busmire
(Executive Vice President & CFO)
Number of employees
34 (June 2013)
WebsiteVenariResources.com

In December 2019, Talos executed a purchase and sale agreement and closed on the acquisition of all primary term acreage and prospects from Venari Resources.[3] The company website indicated that the company would cease operations in early 2020.

Assets

Venari built a large inventory of drillable prospects and leases in the Gulf of Mexico, including the Coronado discovery and the Shenandoah discovery in the Walker Ridge area. [4] [5] [6] [7][8][9][10][11]

Office Locations

The company was headquartered in Dallas and had an additional office location in the Houston Energy Corridor. On June 3, 2013, Venari had 34 employees.

References
  1. "Venari Resources". Warburg Pincus. 2012. Archived from the original on 13 November 2012.
  2. "Exploration startup Venari Resources draws $1B funding - The Deal Pipeline(SAMPLE CONTENT: NEED AN ID?)". www.thedeal.com. Archived from the original on 2012-05-29.
  3. "Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects". www.worldoil.com. 16 December 2019. Retrieved 2020-04-07.
  4. LLC, Venari Resources. "Venari Resources Expands Gulf of Mexico Portfolio with Successful Lease Sale Bids". www.prnewswire.com (Press release).
  5. LLC, Venari Resources. "Venari Resources Announces Second Major Oil Discovery in the Deepwater Gulf of Mexico". www.prnewswire.com (Press release).
  6. LLC, Venari Resources. "Venari Resources Announces Major Oil Discovery in the Deepwater Gulf of Mexico". www.prnewswire.com (Press release).
  7. Helman, Christopher. "Tiny Dallas-Based Oil Company Scores Two Giant Deepwater Discoveries In One Week". Forbes.
  8. "Huge Gulf oil discovery a big deal for Dallas' Venari Resources - Dallas Business Journal". Archived from the original on 2013-03-24.
  9. Sakelaris, Nicholas (April 5, 2013). "At Venari Resources, the good news keeps on coming". Dallas Business Journal.
  10. "12 DFW energy companies get total of $3.5B in funding - Dallas Business Journal". Archived from the original on 2013-04-20.
  11. "Latest Oil, Energy & Metals News, Market Data and Analysis - S&P Global Platts - S&P Global Platts". www.spglobal.com.
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